Alberta and Royal Bank

real estate: Winnipeg, Montreal and Moncton are grappling with a surplus of unsold condo units driven by a surge in new construction and a dwindling supply of first-time buyers in the wake of Ottawa decision in June, 2012, to limit mortgage insurance to amortization periods of 25 years or less from 30 years, according to Globe and Mail. More Related to this StoryWith deep ties, B.C., Alberta adjust to a new real estate realityRoyal Bank says Alberta 2015 home resales to drop 16 per centPrice gap between condos, houses swells to record level VideoVideo: How falling oil prices are hurting Calgary condo market Falling oil prices are taking their toll on Alberta ‘s housing market. But little more than two years later, it many smaller cities that are bearing the brunt of stricter regulations. But as Greg Bonnell reports, things are still surging in Vancouver and the Greater Toronto Area. It definitely had an effect on first-time buyers, said Paul Cardinal, manager of market analysis for the Quebec Federation of Real Estate Boards. BNN Video VideoVideo: Vancouver, Toronto housing markets get off to surging start in 2015 real estateVideo: How the Bank of Canada rate cut will affect the housing marketWhile deep-pocketed investors in Toronto and Vancouver stepped in to fill the void, the picture has been different in smaller markets where condo sales are driven largely by first-time buyers. (www.immigrantscanada.com). As reported in the news.